Are manufactured homes a good investment?
On One Hand: Cheap Housing Good for ManyManufactured housing is a good, cheap alternative to traditionally built residences. It allows potential homeowners with smaller incomes and down payments the opportunity to own their own homes. Once they have built up some additional savings or income, the manufactured home can be sold, and a larger, more expensive house can be purchased.On the Other: A Depreciating AssetUnlike traditionally built homes, manufactured homes decrease in value as opposed to increase. Unless the home is placed on a piece of property that appreciates in value or the manufactured home is purchased with cash, it is going to be hard for the homeowner to break even or make a profit selling the home.Bottom LineWhile manufactured homes can be a good option for many fledgling homeowners, the fact that they are a depreciating asset needs to be taken into consideration. Additionally, the fact that they are not built for longevity should be considered as well. In most cases, t
